Paraguay vs Greece
Tax Residency Comparison
Paraguay taxes foreign income at 0% through its territorial system, while Greece taxes residents at up to 44%. Greeks switching to Paraguay residency save $35,000 - $140,000+ per year on average, with a fast 90-day process and only a $5,000 bank deposit required.
Side-by-Side Tax Comparison
| Category | 🇵🇾 Paraguay | 🇬🇷 Greece |
|---|---|---|
| Foreign Income Tax | 0% | up to 44% |
| Capital Gains Tax | 8% | 15% |
| Corporate Tax | 10% | 22% |
| Residency Timeline | 90 days | N/A |
| Investment Required | $5,000 bank deposit | N/A |
| Physical Presence | Once every 3 years | 183+ days/year |
| Path to Citizenship | 3 years to citizenship | Varies |
Why Greeks Choose Paraguay
Save $35,000 - $140,000+/Year
The average greeks moving to Paraguay saves $35,000 - $140,000+ annually by eliminating up to 44% taxes on foreign-sourced income.
Territorial Tax System
Unlike Greece's worldwide taxation, Paraguay only taxes income generated within its borders. Foreign income is generally exempt.
Location Freedom
While Greece requires 183+ days presence, Paraguay only requires a visit once every 3 years to maintain residency.
Fast Process
Get permanent residency in just 90 days. No years of waiting, no complex point systems, no quotas.
The Greece Tax Problem
High income tax rates
Social security contributions
Economic instability concerns
Complex bureaucracy
Important: Leaving Greece
Greece offers some non-dom options but Paraguay provides simpler permanent residency.
Our team includes specialists familiar with Greece tax law who can help you navigate the transition properly and legally.
Who Should Consider Paraguay Over Greece?
Remote Workers
Keep 100% of your foreign-earned income instead of losing up to 44% to taxes.
Entrepreneurs
Build your business without the Greece tax burden holding you back.
Investors
Optimize capital gains with Paraguay's favorable 8% rate vs 15%.
Retirees
Stretch your pension and investments further with minimal tax obligations.
Frequently Asked Questions
Is Paraguay better than Greece for taxes?
For foreign income, Paraguay is significantly better with 0% tax versus Greece's 44% top rate. Paraguay also offers more economic stability and simpler tax compliance than Greece's complex bureaucratic system.
What's the tax difference between Paraguay and Greece?
Greece taxes income at up to 44%, has significant social security contributions, and complex reporting. Paraguay taxes only local income at 10%, with zero tax on foreign income, simpler compliance, and no mandatory social contributions for non-workers.
Can Greeks get Paraguay residency easily?
Yes. Greek citizens enter Paraguay visa-free and can apply directly for permanent residency. The process takes 4-6 weeks with straightforward documentation requirements and no language test.
Explore More Resources
Everything you need to make an informed decision about Paraguay residency
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Last reviewed: February 2026